Economic sciences

Abilkairova R. A. senior teacher

Kostanaysky state university of a name of A.Baytursynov

Kazakhstan

Prospects of development of pension system of the Republic of Kazakhstan

 

Social development of the state irrespective of realized model of economic development is estimated on a standard of living of pensioners. In the various countries the problem of social security is solved at the level of the state which performs a direct and direct duty before pensioners. Social and economic reforms consistently carried out in Kazakhstan throughout a row of years caused a number of positive shifts. Today in the republic effectively operating pension system, allowed to lift a standard of living of pensioners is created.

Development of economy of any country is inseparably linked with efficiency of realization of measures for pension protection of the population as social stability here plays a key role. Need of support of categories of the population being in a retirement age, is caused first of all by providing social guarantees within open society. The pension system of Kazakhstan at the same time carries out two functions. First, she allows to pay in due time pensions, i.e. carries out a problem of social security of citizens. Secondly, means of accumulative pension funds are used as a source of investments into national economy, i.e. the investment potential of economy is increased.

As a whole for expired time provision of pensions in the republic underwent essential changes. In Kazakhstan the national pension legislation is developed, is translated the state system of provision of pensions on the insurance principles. In essence, in the republic the new pension system leaning is created on own financial basis – off-budget pension (social) funds.

The accumulative pension system possesses a number of advantages from which it is possible to distinguish a noticeable role of pension funds in development of stock market as funds put the financial means on long-term prospect, taking into account ensuring interests of investors.

The president of the Republic of Kazakhstan in the program documents constantly notes importance of carried-out transformations in the social sphere, focusing attention on its pension component. N.A. Nazarbayev emphasized more than once that experience of the republic in development of pension reform causes a great interest of the world community. By estimates of the international experts, the pension system of our country differs the uniqueness not only among CIS countries, but also at the international level.

The system of social protection operating now in the Republic of Kazakhstan is characterized by prevalence of the principle of full solidarity, high level of the state participation. The pension system of the Republic of Kazakhstan is urged to provide with the state material support of each citizen who has reached lawfully established age or the condition, interfering labor activity.

In Kazakhstan reforms in pension system were carried out along with nation-wide economic transformations. In June, 1997 the law "About Provision of Pensions in RK" according to which functioning of new system of provision of pensions were laid the foundation was adopted. As it was noted above, along with accumulative pension system it was kept and operating earlier solitary pension system with all obligations of the state to pensioners.

One of advantages of carried-out pension reform in the republic was introduction and development of the accumulative pension system directed on creation of market infrastructure and radical improvement of model of social security. In accumulative system the pension of citizens is formed at the expense of the saved-up means which are property of investors. At a retirement the saved-up savings are paid to investors from individual retirement accounts.

According to the law "About Provision of Pensions in the Republic of Kazakhstan" the system of voluntary contributions at the expense of which the additional pension consisting of voluntary contributions of working and employers is formed was entered. Thus, each citizen in Kazakhstan has additional opportunity to increase the pension accumulation.

 

Literature

1 Pension fund to Approve a reserve of the Government of the Republic of Kazakhstan for 2011 in the sum of 44 700 000 thousand tenges. ... The present Law becomes effective since January 1, 2011.

2 The law of the Republic of Kazakhstan "About provision of pensions in the Republic of Kazakhstan"... 2007 - 2011 JSC Accumulative Pension Fund Capital